What A YouTube Music Service Means For Spotify, iTunes Radio & The Others
Corey Tate, writing for Spacelab:
“The recent news that Google will be starting its own YouTube-branded streaming music service came as a shock that we really shouldn’t have been shocked at. I guess YouTube has always just been there … being YouTube, and now the idea of carving it up into smarter and more usable sections is a good idea.
Of course, all of the other streaming music services should be rightly terrified of a formalized YouTube Music streaming service … Apple’s iTunes Radio is enough of a competitor for Pandora Radio and Spotify and the other others. But YouTube Music? The 8 billion pound gorilla is about to drop and there’s nothing they can do about it!”
We can’t be surprised that YouTube is moving into music streaming. After all the most played videos on YouTube are music videos thus it is arguably already the world’s largest music streaming service.
Despite smaller startups trying to make a name for themselves and gain a foothold in what is becoming a seriously overcrowded market, it appears the big boys are set to dominate. YouTube owners Google are already in on the action with ‘Google Play Music All Access’, but that is one hell of a mouthful. As Forbes contributor, Bobby Owsinski put it “Imagine a kid trying to explain this cool new service she just found and then tries to spit out that tongue twister of a brand name. About the only thing you can count on her getting right is “Google.”” Regardless, Google will still have two decently sized pieces of the music streaming pie. It has also been reported that Twitter is shutting down their Twitter #music fail but most likely incorporating it into their main platform.
How long before Facebook buys the next Instagram of social music and music streaming? Will Spotify be able to compete?
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